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CSPAN2 4
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CSPAN
Jan 31, 2013 9:00am EST
to be borrowed, and therein lies the necessity of raising the debt ceiling precisely to fund the difference between all that the government wants to spend and the tax revenue that's going to happen. and it's important to note, by the way, that raising this debt ceiling is not about paying for past bills incurred. i know that's repeated around here all the time. it's totally untrue. we have a funding for the appropriations process that expires at the end of march. there is no appropriation that's in place going forward. the debt ceiling increased the authority to borrow more money -- increase, the authority to borrow more money is all about future spending, which is part of the reason why some of us think this is a very sensible moment to try to bring some discipline to that future spending. and what would happen if we don't raise the debt ceiling right away? well, if we don't, we would have to have a 25% cut in all government spending, and that's -- that's pretty massive. that's pretty problematic. now, the administration and some actually go way overboard in the threats that they attach to
CSPAN
Jan 31, 2013 12:00pm EST
that minimizes any disruption in the event that the debt ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein that this amendment -- to simply explain that this amendment would authorize the treasury to rates debt ceiling as necessary to cover those three categories. i would urge my colleagues to support the amendment. thank you. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, i appreciate the intent of the senator from pennsylvania. when you stop and think about this amendment, it reminds us of the movie and the book "hunger games." in "hunger games" you'll recall that children were pitted against
CSPAN
Jan 25, 2013 6:00am EST
not raising the debt ceiling. ultimately, we have to do that. and the second as we have to get our long-term fiscal house in order. that means we have to get the entitlement programs under control, achieving two goals. one, the reform is necessary to make sure they achieve the results we're heading which is protecting at risk populations while spending money so we can afford to spend, and no more. that are simple entitlement reforms straightforward. they have been well-vetted that this congress should adopt i believe fairly quickly. there may be legislatively complex, and these are the kind of reforms received my partisan support in the past. commonsense thing. it's frustrating in fact that we don't taken more seriously and move on them because they have profound impacts, where the problem really is. yes, we have a series problem with a trillion dollars budget deficit today but really largess that is the problem is dwarfed by our long run fiscal empowerment program. we know some of the basis reform, bipartisan reforms that can be enacted that will go a long way to getting medicare and s
CSPAN
Jan 24, 2013 11:00pm EST
voted against raising the debt ceiling, he said he was doing up because the national debt was outrageous a train dollars. i want to quote the president because he clarified for effect $8 trillion. under president about our national debt is over $16 trillion climbing, larger than our entire economy and he's not worried at all. indeed, he caused the progress. remember his campaign slogan? have got news for the president. if washington's guidance going forward, america's economy is going backwards. instead of managing government, it's time to address how we can make america to please her she can once again become the land of upper charity, a place of opportunity. we should put all of our eggs in that basket conservatives and republicans. research any folks in washington d.c. to devote themselves from taking america so for the lechery cannot give back. we must do all we can to stop what is rapidly becoming the bankrupting of our federal government. we as conservatives must dedicate energy and efforts to bring america, to showing the younger generation south american in the future. if more go
Search Results 0 to 3 of about 4